Not confusing at all, that makes perfect sense. But stock trading bots can return consistent profits in an arguably much more complex environment, because they use AI and pattern recognition.

Are there really no bots out there with a slightly better algorithm than "buy low, sell high"?

I heard there are some pretty advanced algorithms on cryptotrader.org - Does anybody have experience with that site?



I see that you sell gunbot... Does it work? Have you made a profit? What algorithm does it use? And... if it works, why do you need to sell it?

Hey all,

I haven't started yet with cryptocurrency, but I will be soon. I've looked in to a lot of options on how to make BTC and autotrading sounds great. Instead of just holding on to crypto (which requires 0 effort but you never earn more than the coins you started with) or manually trading (where you can get more crypto than you started but you have to spend all day watching currency exchange rates), you can let a bot do the trading for you and only intervene if you hear something in the news... Almost no work AND you earn coin...

However, I've only found a few mentioned on this forum (C.A.T and GUNBOT), and they cost several hundred USD and are closed-source.  Sounds scammy...

Google isn't too helpful either. The only FLOSS crypto trading bots I've found are Zenbot and Gekko, but they both report "losing money" as outstanding bugs.

I think the best option seems to be https://cryptotrader.org/, since they have a large selection of free algorithms. I'm planning to try using them when I start next month and I'll let you know how it goes.


My questions are:

1: Has anybody here used cryptotrader? Would you recommend it? How much profit did you make?

2: Any tips on using other autotraders? Do they work?

3: Can we get a sticky somewhere comparing the most popular autotraders?

Thanks!

PS: First post... Happy to be here!